For more than a generation, the Republican party has stood for cutting tax rates and opposing increased tax rates. That commitment has, on balance, well served the causes of limited government, economic growth, and conservative political success. (We are not among those who imagine that we would somehow be a freer society if we still had 70 percent tax rates.)
In recent weeks, however, some Republicans have put themselves in the odd position of opposing a cut in tax rates that Democrats are proposing. They risk eroding the party’s traditional advantage on taxes, and for no good reason. Sen. Mitch McConnell, we are happy to note, said yesterday that more and more Republicans are coming around, and he expects the payroll-tax relief to be extended.
Keep reading this post . . .